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Vegan Food Market by Product Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989525
  • Report
  • November 2019
  • Region: Global
  • 245 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Bhlue Diamond Growers
  • Hain Celestial Group Inc.
  • Living Harvest Food Inc.
  • Panos Brand LLC.
  • Pascual Group
  • Sun Opta Inc.
  • MORE
The Vegan Food market size was valued at $14.2 billion in 2018 and is expected to reach $31.4 billion by 2026, registering a CAGR of 10.5% from 2019 to 2026.
The global Vegan Food market is segmented based on product type and distribution channel. Consumers have been actively participating in various physical activities due to rise in awareness about the benefits behind indulging in such programs or activities. This has triggered the demand for various health oriented products no matter it is food & beverages, apparels or footwear. Taking this consumer trend into consideration, vegan food manufacturers have been strategizing on coming up with product that caters to the requirement of target customers. Thus rise in health and wellness trend among the target customers have been driving the growth of global vegan food market in terms of value sales.

Increase in disposable income of China’s huge population is anticipated to drive the Asia-Pacific dairy alternative market in the coming years. For instance, According to National Bureau of Statistics of China, the disposable income of China has increased at a great pace and noted as 31195 CNY in the year 2015. In the previous year the disposable income was noted as 28844 CNY. According to Ministry of Statistics and Programme Implementation (MOSPI), the disposable income of India has also increased to138192890 INR million in 2015 from 127880080 INR million in 2014 which was the highest disposable income noted. The increased disposable income generates opportunity for market players to expand their market presence in these countries.

Key players profiled in the report include Sun Opta Inc., Whitewave Foods Company Inc., Hain Celestial Group Inc., Bhlue Diamond Growers, Archer Daniel Midland Company, Organic Valley Corporative, Panos Brand LLC., Pascual Group, Earth’s Own Food Company Inc., Earth’s Own Food Company Inc., Living Harvest Food Inc. and other such.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive analysis of the current and emerging market trends and opportunities in the global Vegan Food market.
  • The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS

By Product Type
  • Dairy Alternative
  • Meat Substitute
  • Other
By Distribution Channel
  • Offline
  • Online
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia and New Zealand
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bhlue Diamond Growers
  • Hain Celestial Group Inc.
  • Living Harvest Food Inc.
  • Panos Brand LLC.
  • Pascual Group
  • Sun Opta Inc.
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Vegan Food Market
3.3. Value Chain Analysis
3.3.1. Raw Material Suppliers
3.3.2. Vegan Food Producers
3.3.3. Distribution Platforms
3.3.4. End Users
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Increase In Obese Population
3.4.1.2. Rise In Health And Wellness Trend Among The Target Customers
3.4.1.3. Increase In Disposable Income
3.4.2. Restraint
3.4.2.1. Wide Availability Of Substitutes
3.4.3. Opportunities
3.4.3.1. Untapped Developing Markets
3.4.3.2. Innovation In Taste And Flavor Of Dairy Alternative Beverages

Chapter 4: Vegan Food Market, By Product Type
4.1. Overview
4.2. Dairy Alternative
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Meat Substitute
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country
4.4. Others
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis By Country

Chapter 5: Vegan Food Market, By Distribution Channel
5.1. Overview
5.2. Offline
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Online
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country

Chapter 6: Vegan Food Market, By Region
6.1. Overview
6.2. North America
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Product Type
6.2.3. Market Size And Forecast, By Distribution Channel
6.2.4. Market Analysis By Country
6.2.4.1. U.S.
6.2.4.1.1. Market Size And Forecast, By Product Type
6.2.4.1.2. Market Size And Forecast, By Distribution Channel
6.2.4.2. Canada
6.2.4.2.1. Market Size And Forecast, By Product Type
6.2.4.2.2. Market Size And Forecast, By Distribution Channel
6.2.4.3. Mexico
6.2.4.3.1. Market Size And Forecast, By Product Type
6.2.4.3.2. Market Size And Forecast, By Distribution Channel
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Product Type
6.3.3. Market Size And Forecast, By Distribution Channel
6.3.4. Market Analysis By Country
6.3.4.1. Germany
6.3.4.1.1. Market Size And Forecast, By Product Type
6.3.4.1.2. Market Size And Forecast, By Distribution Channel
6.3.4.2. France
6.3.4.2.1. Market Size And Forecast, By Product Type
6.3.4.2.2. Market Size And Forecast, By Distribution Channel
6.3.4.3. UK
6.3.4.3.1. Market Size And Forecast, By Product Type
6.3.4.3.2. Market Size And Forecast, By Distribution Channel
6.3.4.4. Italy
6.3.4.4.1. Market Size And Forecast, By Product Type
6.3.4.4.2. Market Size And Forecast, By Distribution Channel
6.3.4.5. Spain
6.3.4.5.1. Market Size And Forecast, By Product Type
6.3.4.5.2. Market Size And Forecast, By Distribution Channel
6.3.4.6. Rest Of Europe
6.3.4.6.1. Market Size And Forecast, By Product Type
6.3.4.6.2. Market Size And Forecast, By Distribution Channel
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Product Type
6.4.3. Market Size And Forecast, By Distribution Channel
6.4.3.1. China
6.4.3.1.1. Market Size And Forecast, By Product Type
6.4.3.1.2. Market Size And Forecast, By Distribution Channel
6.4.3.2. India
6.4.3.2.1. Market Size And Forecast, By Product Type
6.4.3.2.2. Market Size And Forecast, By Distribution Channel
6.4.3.3. Australia
6.4.3.3.1. Market Size And Forecast, By Product Type
6.4.3.3.2. Market Size And Forecast, By Distribution Channel
6.4.3.4. New Zealand
6.4.3.4.1. Market Size And Forecast, By Product Type
6.4.3.4.2. Market Size And Forecast, By Distribution Channel
6.4.3.5. Rest Of Asia-Pacific
6.4.3.5.1. Market Size And Forecast, By Product Type
6.4.3.5.2. Market Size And Forecast, By Distribution Channel
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Product Type
6.5.3. Market Size And Forecast, By Distribution Channel
6.5.3.1. Latin America
6.5.3.1.1. Market Size And Forecast, By Product Type
6.5.3.1.2. Market Size And Forecast, By Distribution Channel
6.5.3.2. Middle East
6.5.3.2.1. Market Size And Forecast, By Product Type
6.5.3.2.2. Market Size And Forecast, By Distribution Channel
6.5.3.3. Africa
6.5.3.3.1. Market Size And Forecast, By Product Type
6.5.3.3.2. Market Size And Forecast, By Distribution Channel

Chapter 7: Market Overview
7.1. Top Winning Strategies
7.2. Product Mapping
7.3. Competitive Dashboard
7.4. Competitive Heatmap
7.5. Key Developments
7.5.1. Acquisition
7.5.2. Business Expansion
7.5.3. Joint Venture
7.5.4. Product Launch

Chapter 8: Company Profiles
8.1. Archer Daniels Midland Company
8.1.1. Company Overview
8.1.2. Key Executive
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. R&D Expenditure
8.1.7. Business Performance
8.2. Blue Diamond Growers
8.2.1. Company Overview
8.2.2. Key Executive
8.2.3. Company Snapshot
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves And Developments
8.3. Earth’S Own Food Company Inc.
8.3.1. Company Overview
8.3.2. Key Executive
8.3.3. Company Snapshot
8.3.4. Product Portfolio
8.4. Hain Celestial Group, Inc.
8.4.1. Company Overview
8.4.2. Key Executive
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. R&D Expenditure
8.4.7. Business Performance
8.4.8. Key Strategic Moves And Developments
8.5. Living Harvest Foods Inc.
8.5.1. Company Overview
8.5.2. Key Executive
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.6. Kikkoman Corporation
8.6.1. Company Overview
8.6.2. Key Executive
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. R&D Expenditure
8.6.7. Business Performance
Source: Corporate Publications And Amr Analysis
8.7. Panos Brands Llc (Koninklijke Wessanen N.V.)
8.7.1. Company Overview
8.7.2. Key Executive
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.7.6. Business Performance
8.8. Pascual Group
8.8.1. Company Overview
8.8.2. Key Executive
8.8.3. Company Snapshot
8.8.4. Product Portfolio
8.9. Sunopta Inc.
8.9.1. Company Overview
8.9.2. Key Executive
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. R&D Expenditure
8.9.7. Business Performance
8.9.8. Key Strategic Moves And Developments
8.10. Whitewave Foods Company Inc. (Danone)
8.10.1. Company Overview
8.10.2. Key Executive
8.10.3. Company Snapshot
8.10.4. Operating Business Segments
8.10.5. Product Portfolio
8.10.6. R&D Expenditure
8.10.7. Business Performance
8.10.8. Key Strategic Moves And Developments

*Full List of Tables and Figures Available on Enquiry.
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FEATURED COMPANIES

  • Bhlue Diamond Growers
  • Hain Celestial Group Inc.
  • Living Harvest Food Inc.
  • Panos Brand LLC.
  • Pascual Group
  • Sun Opta Inc.
  • MORE
According to the report titled, 'Vegan Food Market by Product Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026', the Vegan Food market size was valued at $14.2 billion in 2018 and is expected to reach $31.4 billion by 2026, registering a CAGR of 10.5% from 2019 to 2026.

Vegan food market analysis is done by product type and distribution channel. Veganism has been one of the mainstream trends in the food & beverages industry. Increase in incidence of such health disorders, rise in number of health-conscious consumers, increase in disposable income of target customers have been some of the key factors driving the trend of veganism in key regions specifically North America and Europe. This has increased the demand for different types of plant-based food products such as dairy alternatives and meat substitutes. Since most of these products are derived and processed with plant-based sources such as soy, almond, and Quorn. Thus veganism trend drives the vegan food market growth.

The incidence of obesity-related disorders, such as diabetes, cardiovascular diseases, and others, has considerably increased in the last few years. According to OECD, obesity levels are expected to be particularly high in the U.S., Mexico, and England, where 47%, 39%, and 35% of the population respectively are projected to be obese in 2030. Individuals in high-income geographical regions, such as North America and Western Europe, are more prone to diabetes, cancer, and other critical health issues, owing to their unhealthy food and lifestyle habits. Increase in incidence of such health disorders boosts health and fitness consciousness among consumers. The adoption of vegetarian foods is on a consistent increase across the world. According to recent studies, 30% of Americans are not only leaving meat off their plates but are also seeking out plant-based meat alternatives. Consumers are projected to become selective in their food habits to avoid severe health issues. Thus rise in concerns over obesity drive the growth of global vegan food market.

With the surge in demand for different types of vegan food, some of the key manufacturers in the global vegan food market have been initiating several key strategies in the view of generating revenue in the segment. For instance, in 2017, French-based dairy giant, Danone announced the acquisition of American non-dairy giant Whitewave Foods Company for US$12.5 Million. Whitewave specializes in the production of Silk soymilk, Horizon organic milk, International Delight coffee creamers and others.

According to the U.S. Census Bureau, millennials are on the verge of surpassing baby boomers in the country. Similarly, in Asia-Pacific, millennials account for a larger population, especially in countries such as China, India, and Australia as compared to other population groups. Millennials, population aged between 20 and 35 years, are health-conscious, broad minded, and actively involved in various physical activities. They have been influential in evolving various global industries in terms of product offerings and services. Thus, they are also anticipated to trigger demand for vegan food products during the vegan food market forecast.

Dairy alternative beverages are primarily prepared from ingredients such as soy, almond, rice, oat, cashew, coconut, peanut, and others. Players have an opportunity to manufacture beverages such as refreshment drinks, energy drinks, and milk shakes with enhanced taste and flavor. A new flavor can be added to beverages which leads to product innovation. This is anticipated to gain consumers attraction with an increased demand.

Key Findings of the Vegan Food Market:
In 2018, based on product type, the meat substitute segment accounted for higher Vegan Food market share.
In 2018, based on region, Europe accounted for a prominent vegan food market share.
Extensive analysis of the current and emerging vegan food market trends and opportunities.
Key players operating in vegan food industry include Sun Opta Inc., Whitewave Foods Company Inc., Hain Celestial Group Inc., Bhlue Diamond Growers, Archer Daniel Midland Company, Organic Valley Corporative, Panos Brand LLC., Pascual Group, Earth’s Own Food Company Inc., Living Harvest Food Inc. and others.
Note: Product cover images may vary from those shown
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  • Sun Opta Inc.
  • Whitewave Foods Company Inc.
  • Hain Celestial Group Inc.
  • Bhlue Diamond Growers
  • Archer Daniel Midland Company
  • Organic Valley Corporative
  • Panos Brand LLC.
  • Pascual Group
  • Earth’s Own Food Company Inc.
  • Living Harvest Food Inc.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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